Putting Colorado Into Perspective -- October 1, 2018

From Forbes:

Thanks to a Rocky Mountain shale party, Colorado is an increasingly important oil and gas producer.

Over the past decade, Colorado's oil production has surged 365% to 380,000 b/d and natural gas production is up 30% to ~5 Bcf/d.

The future shines bright: "Western Colorado's Mancos Shale formation holds an estimated 66.3 Tcf of natural gas, way up from the 1.6 Tcf estimate in its 2003 appraisal. puts the Mancos basin 2nd only to the Marcellus Shale in terms of the largest gas reserves in the U.S."

From the NDIC Director's Cut: July, 2018, data.

• Natural gas: 2,400,174 MCF/day = 399,962 boepd

The Bakken is an "oil play," not a natural gas play. In the Bakken, natural gas is a hassle, a danger, and a by-product.